South Korean shares fell 1% on Friday, led by electric-vehicle battery makers and set for their biggest weekly drop in more than three months. The won strengthened, while the benchmark bond yield jumped.
South Korean battery maker LG Energy Solution said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in North America.
Tesla Inc on Thursday countersued the California agency that has accused the electric carmaker of tolerating widespread race discrimination at its flagship assembly plant.
Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks, including technology companies.
The Nasdaq and S&P 500 closed lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks including technology companies.
Wall Street's main indexes were on course to post their third straight day of declines on Thursday, as traders sold financial and technology stocks on fears the Federal Reserve's aggressive approach to rein in inflation could trigger a recession.
What happened
Tesla (NASDAQ: TSLA) has put much time and focus into expanding production capacity at its plant in Shanghai, China. There are indications that those efforts will pay off, but the stock is getting hit Thursday after a large unrelated recall from the EV leader. Tesla
Wall Street's main indexes were set for a muted open on Thursday as investors assessed the impact on U.S. economic growth from the Federal Reserve's unwavering focus to rein in inflation through aggressive interest rate hikes.
In a conscious move toward sustainable mobility, General Motors GM and Hertz Global HTZ recently formed an agreement, per which the former will sell nearly 175,000 of its EVs to the latter.The automaker will start supplying Chevrolet, Buick, GMC, Cadillac and even its com
The NASDAQ 100 Pre-Market Indicator is up 13.17 to 11,650.96. The total Pre-Market volume is currently 64,527,393 shares traded.The following are the most active stocks for the pre-market session: Spero Therapeutics, Inc. (SPRO) is +1.2783 at $2.10, with 34,904,228 shares traded
French carmaker Renault will control 80% of its electric vehicle value chain well ahead of its 2030 target as it develops partnerships in batteries, electric motors and power electronics, its chief executive said on Thursday.
Wall Street futures were muted on Thursday as investors assessed the impact on U.S. economic growth from the Federal Reserve's unwavering focus to rein in inflation through aggressive interest rate hikes.
As the end of the third quarter approaches, one quarter-end report that usually gets quite a bit of attention is Tesla's (NASDAQ: TSLA) update on vehicle production and deliveries. The electric-vehicle (EV) maker typically reports its quarterly deliveries two to three calendar da
U.S. stock index futures steadied on Thursday after a sharp selloff on Wall Street in the previous session on worries about an economic downturn following the Federal Reserve's promise to keep raising interest rates to tame inflation.
(RTTNews) - Tesla (TSLA) CEO Elon Musk will be deposed on September 26 and 27 as part of Twitter Inc.'s (TWTR) lawsuit, which seeks to force the world's richest man to follow through on his $44 billion acquisition of the social media giant.
What happened
Chinese electric vehicle (EV) makers Nio (NYSE: NIO) and XPeng (NYSE: XPEV) have both made recent announcements about expanding their businesses, but investors are punishing the stocks today anyway. Shares of U.S.-based EV charging company ChargePoint Holdings (NYSE
ESG investing, which had exploded in popularity over the past few years, is facing a backlash lately. Flows into ESG ETFs have faltered this year as performance has suffered due to too much tech exposure and low allocation to energy stocks.
Xpeng has diversified its battery suppliers and no longer counts industry giant CATL as its primary supplier, the Chinese electric car maker's president said on Wednesday.
To strengthen its position in Germany, Tesla TSLA expects to significantly ramp up sales in the country, where it opened a new assembly plant in March to build Model Y cars. It reported that it aims to massively scale up production to reach 80,000 units in 2022.From Janua
(RTTNews) - A fire in a Tesla, Inc (TSLA) storage facility on Tuesday triggered shelter-in-place advisory at Monterey in California. The fire in the facility, maintained by PG&E, was immediately kept in check by the authorities and the advisory has since been lifted.